Trends in the Oil Spill Management Market - Forecast to 2024
Global Oil Spill Management Market size is predicted to pace at a rapid scale with rising safety issues towards the increasing occurrences of oil spill events in the recent years. Growing onshore and offshore drilling activities in the oil spill management market, have significantly propelled the growth in oil & gas transportation through tankers and pipelines.
Leakage associated with oil and gas pipelines is emerging as a principal concern for pipeline and tanker companies owing to the costs involved including lawsuits, clean-up costs, restoration costs. In 2010, the largest onshore oil spill occurred in the U.S. with over 3 million liters of heavy crude oil into a tributary of the Kalamazoo River in Michigan. The US Environmental Protection Agency (EPA) later assessed the spill to be above 1 million gallons.
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Stringent government regulations and safety norms towards controlling occupational threats and hazards in petroleum production and transportation facilities are estimated to strengthen the oil spill management market in the coming years. Numerous initiatives are mandated by national governments and safety institutions including Occupational Safety and Health Administration (OSHA) and National Institute of Environmental Health Sciences (NIESHS) to prevent and control the oil leakages during transportation or at source.
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EPA is the principal federal response agency regulating the oil spill management market to prevent, prepare for, and respond to oil spillage occurring in inland waters of the United States. The U.S. Coast Guard is the lead response agency for spills in coastal waters and deep water ports. EPA’s Oil Spill Prevention Program includes the Facility Response Plan (FRP) and the Spill Prevention, Control, and Counter measure (SPCC) rules. The FRP rule governs response plan for a worst-case oil discharge or threat of a discharge.
Reasons to Buy This Report:
1. Oil Spill Management Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Oil Spill Management Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
The global oil spill management market can be segmented based on technology into post-oil spill and pre-oil spill. Pre-oil spill employs blowout preventers, double hulling and pipeline leak detection. Increase in worldwide drilling activities fueled by growing demand for energy for industrial development is a substantial factor in driving the demand for pressure control equipment including blowout preventers (BOPs).
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Pre-spill management dominates the industry with double hull technology accounting for a major share of the global oil spill management market in 2015. Oil spill statistics reported that double hulled tankers spill less than, double sided tankers, pre-MARPOL single hull tankers and double bottom tankers. The post-oil spill segment includes mechanical, chemical, physical and biological technologies.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com
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Leakage associated with oil and gas pipelines is emerging as a principal concern for pipeline and tanker companies owing to the costs involved including lawsuits, clean-up costs, restoration costs. In 2010, the largest onshore oil spill occurred in the U.S. with over 3 million liters of heavy crude oil into a tributary of the Kalamazoo River in Michigan. The US Environmental Protection Agency (EPA) later assessed the spill to be above 1 million gallons.
Purchase This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766.
Stringent government regulations and safety norms towards controlling occupational threats and hazards in petroleum production and transportation facilities are estimated to strengthen the oil spill management market in the coming years. Numerous initiatives are mandated by national governments and safety institutions including Occupational Safety and Health Administration (OSHA) and National Institute of Environmental Health Sciences (NIESHS) to prevent and control the oil leakages during transportation or at source.
Request for table of contents of this research report @
https://www.gminsights.com/request-toc/upcoming/1320
EPA is the principal federal response agency regulating the oil spill management market to prevent, prepare for, and respond to oil spillage occurring in inland waters of the United States. The U.S. Coast Guard is the lead response agency for spills in coastal waters and deep water ports. EPA’s Oil Spill Prevention Program includes the Facility Response Plan (FRP) and the Spill Prevention, Control, and Counter measure (SPCC) rules. The FRP rule governs response plan for a worst-case oil discharge or threat of a discharge.
Reasons to Buy This Report:
1. Oil Spill Management Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Oil Spill Management Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
The global oil spill management market can be segmented based on technology into post-oil spill and pre-oil spill. Pre-oil spill employs blowout preventers, double hulling and pipeline leak detection. Increase in worldwide drilling activities fueled by growing demand for energy for industrial development is a substantial factor in driving the demand for pressure control equipment including blowout preventers (BOPs).
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1320
Pre-spill management dominates the industry with double hull technology accounting for a major share of the global oil spill management market in 2015. Oil spill statistics reported that double hulled tankers spill less than, double sided tankers, pre-MARPOL single hull tankers and double bottom tankers. The post-oil spill segment includes mechanical, chemical, physical and biological technologies.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
Connect with us: Google+ | LinkedIn | Twitter | Facebook